Acadian Asset Management LLC Makes New $43,000 Investment in Playtika Holding Corp. (NASDAQ:PLTK)

Acadian Asset Management LLC bought a new stake in Playtika Holding Corp. (NASDAQ:PLTK) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,573 shares of the company’s stock, valued at approximately $43,000.

Several other large investors also recently bought and sold shares of the business. Quest Partners LLC purchased a new position in shares of Playtika in the 4th quarter worth $353,000. Aigen Investment Management LP purchased a new stake in shares of Playtika during the 4th quarter valued at about $98,000. Commerce Bank bought a new position in shares of Playtika in the 4th quarter valued at about $88,000. Alaska Permanent Fund Corp grew its position in Playtika by 362.8% in the first quarter. Alaska Permanent Fund Corp now owns 225,673 shares of the company’s stock worth $1,591,000 after acquiring an additional 176,913 shares in the last quarter. Finally, Banque Cantonale Vaudoise bought a new stake in Playtika during the first quarter worth approximately $82,000. Institutional investors own 11.94% of the company’s stock.

Analyst Upgrades and Downgrades

PLTK has been the subject of a number of recent research reports. Roth Mkm dropped their target price on Playtika from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Morgan Stanley boosted their price objective on shares of Playtika from $7.40 to $8.25 and gave the company an “equal weight” rating in a research report on Tuesday, July 23rd. Macquarie lowered shares of Playtika from an “outperform” rating to a “neutral” rating and set a $9.00 target price for the company. in a report on Thursday, June 13th. Wedbush reiterated an “outperform” rating and set a $11.50 price target on shares of Playtika in a report on Thursday. Finally, UBS Group began coverage on shares of Playtika in a research note on Monday, June 24th. They issued a “neutral” rating and a $8.50 price objective for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Playtika currently has a consensus rating of “Hold” and a consensus target price of $9.29.

Playtika Stock Down 3.3 %

Shares of NASDAQ:PLTK opened at $7.82 on Friday. The business’s 50 day moving average is $7.46 and its 200 day moving average is $7.63. The stock has a market cap of $2.91 billion, a P/E ratio of 14.22, a price-to-earnings-growth ratio of 1.01 and a beta of 0.85. Playtika Holding Corp. has a 52-week low of $6.25 and a 52-week high of $10.28.

Playtika (NASDAQ:PLTK) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.06. The business had revenue of $627.00 million for the quarter, compared to the consensus estimate of $640.27 million. Playtika had a negative return on equity of 127.12% and a net margin of 8.44%. The business’s revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.21 EPS. On average, sell-side analysts anticipate that Playtika Holding Corp. will post 0.73 EPS for the current fiscal year.

Playtika Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $0.40 annualized dividend and a dividend yield of 5.12%. Playtika’s payout ratio is presently 72.73%.

Playtika Company Profile

Playtika Holding Corp., together with its subsidiaries, develops mobile games in the United States, Europe, Middle East, Africa, Asia pacific, and internationally. The company owns a portfolio of casual and social casino-themed games. It distributes its games to the end customer through various web and mobile platforms and direct-to-consumer platforms.